Globalization and global crisis

Economy, Policies

Globalization and global crisis

Concerns associated with the Covid-19 pandemic have led to new rationales of protectionism, with renewed emphasis on domestic production and sourcing. This column compares the current economic crisis brought on by the pandemic to previous major economic crises and examines what this could mean for the future of various aspects of globalization.

In his 1919 book, The Economic Consequences of the Peace, John Maynard Keynes described the open borders of the then bygone first age of globalisation before WWI

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